What was your first and/or current car?

What was your first car, and what's your current one? What made you pick that car over others?

My first car was an old Jaguar XJ8 when I was 16, I bought it for $1,000 and put a refurbished transmission in it. Current car is a Maserati Granturismo Sport.

 

I’m a proud owner of a Nissan Versa, I’m not particularly into cars but driving is smooth and 34+ mpg is great.

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.
 

First car: older Audi A4. Previous owner had lowered it, put a loud exhaust on it, and done a lot more modifications. Was fun while I had it. Totaled it right before I graduated HS.

Current car: Mercedes ML350. I buy cars weirdly. I get a list of possibilities, place a value on each one for maximum out the door price, and call dealerships offering my price. Take it or leave it. This dealer happened to bite at a lower price than the other options and this car was in better condition than other cars. Planning on keeping it until it gets totaled.

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
 

Yeah I do. I plan on keeping it until it dies. You thinking of getting one?

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
 

First car was a 2001 Honda Accord, which drove me across the USA countless times. Thing was a machine.

I've driven everything from Mercedes, Acuras, Jeep Wranglers, my ex's Bentley for a couple months...if there is one thing I cannot stand it's going to a mechanic because either the parts are insane or the cars are made poorly so I cannot fix it myself

But I came back to the Honda accord '15 year model, took it down from $21k before tax to $14.5k after tax, with only 30k miles on it.

My future kids will drive the car one day and my friends with cooler cars will always loan them to me if I want to race up the coast or want to go off-roading. I'm content, and I've tuned it so it drives like a yacht.

 
Most Helpful

First Car: Used m-sport bmw, 6mt. Worked 80 hours a week for 6 months at a car shop to pocket enough cash for it. One of the most stupid things I’ve done with money in my life, but I was just a 16 year old petrolhead that didn’t care about anything else. It was my dream car.

Got lucky on the forums and found an owner that was moving to Germany and needed to sell his whip ASAP, so he lobbed it to me for an absolute steal. Enthusiasts are the best to deal with.

Current car: Don’t have one, but when I move out of my city 5-10 years from now it’ll definitely be a Porsche. Ideally a 6MT GT3, if they’re even still gonna be doing that sort of thing.

Array
 

Serious question would there be a massive price increase for manual transmission cars in the future? I understand how satisfying it is to change gears so would the lack of supply cause the demand to increase or are manual transmission cars a thing of the past ?

 

To build on what track_day_bro said, there is a lack of demand for manual cars, not an excess (which is another reason prices will not increase, main reason still is that they are cheaper to produce though).

People are forgetting how to drive them or getting lazy, not sure which one it is, but there has been what feels like a significant decrease in automotive enthusiasm over the past decade. Maybe it's just the social bubbles online and IRL that I've interacted with but to me it feels night & day.

The reason I said "if they are even still gonna be doing that sort of thing" is because automakers are downsizing their engines (environment) and are focusing on things like 0-60 times to the point it's getting a bit ridiculous. This competition for the quickest car between the holy trinity (BMW, Mercedes, Audi) has led to quite the arms race for the best all wheel drive & 8 speed automatic transmission. It has it's pros and cons and is arguably for the best (not sure where I stand in that regard).

I am now I'm ranting too much with no direction but TLDR; manual transmissions are an endangered species and it's possible they'll be needles in the haystack in the near future, if not completely gone.

Array
 

Make sure you're the one actually driving it for that price. For some reason I remember it being more expensive but I could be wrong.

Either way, GT3 is my goal car. I don't think you can get a better bang for your buck with anything else.

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
 

Interesting to see how most people here bought their cars. I lease an Audi A3 2.0T $550 a month (incl tax). Is it a rip off? I don’t know. Convince myself its good value for what you get... interested to hear if that seems outrageous relative to other options out there?

 

Omg yes that is a rip off. You are paying wayyyy to much for a car with mediocre specs (this is coming from an audi enthusiast, but the A3 is really just Audi's way of competing with the 328I and the C300).. I sincerely mean no disrespect to you, but leasing a car is the dumbest thing in the world, because at the end of your lease you are left with two shitty options: 1. Walk away empty handed 2. Overpay for a used car (people dothis because they don't understand sunk costs). Even if you know nothing about cars, you should speak to someone who is informed. You're overpaying for a badge, AND leasing. In other words, you're paying the cost of a loan on a nice performance car, but you 1. Aren't actually paying a loan, so you don't keep the car, and 2. Aren't driving a performance car! Please consult with friends or even message boards (preferably car oriented ones, but even WSO would work) before you make your next decision regarding a car.

 

First Car: 1982 Mercedes SL 280 with a detachable hardtop roof Current Car: 2000 Audi A6 Avant Wagon Car I will likely be purchasing in the next 1-2 months: Honda Accord Sport CVT

If you live in a city there is no point in owning a nice car (or even a fake nice car - looking at all you C300/328i owners out there) until you are making bank and over 30 (even then, probably would still advise against). You need to pay for a garage near your house and near work, and eating those costs is straight up stupid.

 

First car: 2007 VW Jetta with a 5-speed Current car: 1999 Subaru Forester (daily) and 2003 Honda S2000 (weekend/track car)

Debating trading in both for a Golf R or getting an older Evo X to get a daily trackable car – garage space is getting too tight. I don't know if I can bring myself to get rid of the S2000 though, that thing is too much fun.

 

First Car: Red 2016 Honda Civic

Current Car: Black 2019 Honda Civic

My parents bought my first one on my 17th birthday, but I passed it on to my younger siblings and I used my SA money to lease my current car for senior year of college. Hopefully after the lease is up I'll have some real $$$ to buy myself a real car and start living like a real finance bro, bro.

 

First car I bought was a 13 Wrangler 2 door. Bought it used with 251 miles on it from a rich dude in Long Island. Still have it, now has ~130k on it.

I’ve preordered the Cybertruck

 

TheBuellerBanker

First car: 1997 Nissan Sentra ~$1.1K

Given NY residence do not own one but next will be an Aston Martin Vantage - car guy till I die so no lectures on how its a poor use of $$$ ;)

Thank you. Some people just do not understand the passion some of us have for high ends exotic sports cars.

SafariJoe, wins again!
 

My first car was an Opel Astra. My parents gave it to me after I got my license. I had no personal income at the time and could not afford to buy the car I dreamed of. To be honest, my dream is still not a reality. I'm still saving up to buy a Mercedes GLC in the future. Cars and speed are my weakness. I'm ready to talk about cars forever and discuss new car models, and I believe that I will reach my goal. Every day I watch the latest news about cars in the country and the world, read interesting articles on https://zumroad.com/automotive, and am inspired by the achievements of people.

 

Have driven the GLC quite extensively for a hamptons weekend I did a couple years ago. It's a fine people transporter but can I ask why that's the one you're aiming for? There was nothing special about it if I'm honest. But curious to hear your thoughts.

 

I do not look in my past to remind me of my old cars, I focus on the present; Tesla and Aston Martin, future looking to upgrade this year, should inflation be tamed.

SafariJoe, wins again!
 

First: 1986 Mitsubishi Mighty Max pick-up. The off-brand Toyota Tacoma/Hiluxe that was as brutal if not more so because it had to be because it wasn't the favored war-son.

Now: 2003 VW Passat W8. I know, a Passat. How droll, right? Only eight cylinder Passat model ever made. Literally half a Bugatti Veyron engine and rest of the drive-train to match. 

Next? Something else as interesting and unique. That Volvo S60R that the neighbor wants to punt? Another classic M5? Continue my subconcious quest to own all the cars from 'Ronin' and move on to an early 2000's Audi S8?

The poster formerly known as theAudiophile. Just turned up to 11, like the stereo.
 

First car: 2005 Acura MDX

Current: 1997 BMW M3, 2001 BMW M5

I own my two dream cars and couldn’t be happier. Yes it’s unreasonable to most but I work on them myself to reduce costs.

 

Kia spectra. Took the abuse of an angry teen/20 year old like a champ!I foolishly pushed that thing to 120 one time.

 

Isaiah_53_5 💎🙌💎🙌💎

Never Happened

You’re right, may have been 118 or 119.

I do rock a minivan though. Off top.

You still got your Acura?

 
[Comment removed by mod team]
 

My first car was a 1989 Volvo 740 Turbo Wagon 5spd manual. I worked at the local tennis club and saved $1400 to buy it when I was 14.

This was 2 weeks before my 15th birthday and got my license at 15. I put a surf rack on top and was just living the dream.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 
[Comment removed by mod team]
 
[Comment removed by mod team]
 

I put a Rockford fosgate in the Spectra to bump some 50 Cent. Just what you did as a suburban white kid at that time.

 

Anyone see the new 2023 400hp Nissan Z? It looks pretty cool and is only like $40K.

-

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

Isaiah_53_5 💎🙌💎🙌💎

Anyone see the new 2023 400hp Nissan Z? It looks pretty cool and is only like $40K.

-

If I were still in my teens then yes, now I only seem to want exotic sports cars or G wagon/Urus.

SafariJoe, wins again!
 

Haha true - I’m a big fan of the Urus too even though a Jeep Trackhawk is much cheaper and just as fast.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

First car (gift from parents) was an Acura TSX back in 2006. My second car (and the first one I bought) when I moved back to London was a new Mini Cooper S in 2014. Now that I'm back in US I get driven in Lincoln Navigators or, on rare occasions, Escalades and Suburbans lol. I'm thinking about a Vantage or 911 though ngl, but the roads are so horrid that getting a G-Wagon probably makes more sense.

 

sup3rnova

First car (gift from parents) was an Acura TSX back in 2006. My second car (and the first one I bought) when I moved back to London was a new Mini Cooper S in 2014. Now that I'm back in US I get driven in Lincoln Navigators or, on rare occasions, Escalades and Suburbans lol. I'm thinking about a Vantage or 911 though ngl, but the roads are so horrid that getting a G-Wagon probably makes more sense.

A mini, omg. I like looking at them but not to own. Most of my time in London I drove Hondas; prelude/accord.

Then I moved to the states, where I completely spoilt myself without Honda s2000, still one of the most fun, I have had with a car, then the others cars followed which made my car snobbery increase.

SafariJoe, wins again!
 

Exercitationem tempora magni odit harum. Et ratione nostrum et pariatur.

Iste pariatur qui est veniam perferendis. Consectetur qui voluptas aut blanditiis itaque commodi.

Earum sit reiciendis ab dicta quod animi. Aliquid cum ut enim ut ut minima. Ipsa quaerat suscipit qui quia et animi. Consectetur libero voluptates quia vel error totam. Dolore vel recusandae quaerat et.

Suscipit quisquam omnis ea eum quasi. Ut aperiam vero quod ullam qui. Id et unde enim voluptate. Mollitia soluta optio quia ut. Ea non qui totam qui nemo voluptas. Doloribus repudiandae quia vel repellendus id consequatur fugit error.

 

Voluptatem perspiciatis iusto rerum nihil et error atque. Excepturi magnam eos sint dolore dolorum vel accusamus. Et architecto voluptate et earum nobis eligendi. Praesentium sint consequatur similique. Occaecati ullam quis dolorum officiis. Quis voluptatem cupiditate atque sed ad. Dolore id enim quos quis.

 

Perferendis maiores necessitatibus omnis corporis et ullam. Consequuntur consequuntur est molestiae ut sequi. Magni beatae facere quia harum quae ratione molestias fugiat. Deserunt a inventore omnis eos. Quia tenetur blanditiis suscipit distinctio dolor perspiciatis ut omnis. Provident quia et impedit voluptatum iure itaque tenetur.

Consequatur odio quam error. Earum est et consequatur reprehenderit. Et ratione qui assumenda commodi in aliquam. Qui omnis sapiente temporibus qui quia qui voluptatum. Nostrum voluptatem inventore et magni dolores ut vel. Sit repellat qui eveniet.

Eos laborum veniam veritatis iste. Quia pariatur doloremque amet quaerat est.

Blanditiis exercitationem iste possimus qui. Reiciendis repudiandae consequuntur natus dolores aut. Vitae est distinctio minus totam optio. Dolorum ut repellendus ut magni neque. Veritatis ut nostrum ut quod. Voluptatem voluptatem maxime culpa sapiente dolores voluptatem assumenda.

 

Optio et quo error voluptatem voluptas ipsam vel. Facere quia ab numquam aperiam amet. Eligendi ad consequatur sed nulla consequatur deserunt. Dolore quia sed qui beatae non.

Et ipsum a delectus occaecati. Nam deleniti placeat dolores sapiente. Libero voluptatem eum ipsum eum aut quo et. Dicta vel aspernatur ex nihil est neque consequatur. Perspiciatis sit maxime necessitatibus distinctio corrupti est sequi.

Dolores sed asperiores qui maiores. Quia aut temporibus maiores.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”